Kinetik Holdings Inc. (KNTK)

NASDAQ: KNTK · IEX Real-Time Price · USD
81.81
1.31 (1.63%)
May 23, 2022 4:00 PM EDT - Market closed
Market Cap1.53B
Revenue (ttm)383.72M
Net Income (ttm)-49.29M
Shares Out18.70M
EPS (ttm)0.28
PE Ratio290.11
Forward PE11.15
Dividend$6.00 (7.33%)
Ex-Dividend DateMay 4, 2022
Volume252,066
Open80.25
Previous Close80.50
Day's Range78.36 - 82.43
52-Week Range54.57 - 89.01
Beta3.83
AnalystsBuy
Price Target76.76 (-6.2%)
Earnings DateMay 10, 2022

About KNTK

Kinetik Holdings Inc. operates as a midstream company in the Texas Delaware Basin. It provides gathering, transportation, compression, processing, and treating services for companies that produce natural gas, natural gas liquids, crude oil, and water. The company is headquartered in Midland, Texas.

IndustryOil, Gas & Consumable Fuels
Employees200
Stock ExchangeNASDAQ
Ticker SymbolKNTK
Full Company Profile

Financial Performance

In 2021, KNTK's revenue was $160.62 million, an increase of 8.23% compared to the previous year's $148.41 million. Earnings were $99.22 million, an increase of 21.47%.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for KNTK stock is "Buy." The 12-month stock price forecast is 76.76, which is a decrease of -6.17% from the latest price.

Price Target
$76.76
(-6.17% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Kinetik Publishes Sustainability-Linked Financing Framework

Reinforcing Its Commitment to a Safer, Cleaner and More Reliable Energy Future Reinforcing Its Commitment to a Safer, Cleaner and More Reliable Energy Future

1 week ago - GlobeNewsWire

Kinetik Reports Strong First Quarter 2022 Financial and Operating Results

MIDLAND, Texas and HOUSTON, May 10, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik” or the “Company”) today reported financial results for the quarter ended March 31, 2022.

1 week ago - GlobeNewsWire

Why BofA Initiates Kinetic Holdings With Buy Rating

Kinetik Holdings Inc (NASDAQ: KNTK) is strong growth and free cash flow story, given its ownership in the Permian natural gas takeaway and latent processing capacity, according to BofA Securities. The K...

3 weeks ago - Benzinga

Kinetik Announces First Quarter Dividend, First Quarter 2022 Results Timing and Details of its Dividend Reinvestment ...

HOUSTON and MIDLAND, Texas, April 21, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik” or the “Company”) today announced a cash dividend of $1.50 per share ($6.00 on an annualize...

1 month ago - GlobeNewsWire

Kinetik Announces Closing of Upsized Secondary Offering of Common Stock

MIDLAND, Texas and HOUSTON, March 11, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik” or the “Company”) announced today the closing of the upsized underwritten secondary offerin...

2 months ago - GlobeNewsWire

Kinetik Announces Pricing of Upsized Secondary Offering of Common Stock

MIDLAND, Texas and HOUSTON, March 09, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik” or the “Company”) announced today the pricing of an upsized underwritten secondary offering...

2 months ago - GlobeNewsWire

Kinetik Issues 2022 Guidance and Announces Capital Allocation Update

MIDLAND, Texas and HOUSTON, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik”, the “Company” or “we”) today provided full year 2022 Guidance.

3 months ago - GlobeNewsWire

Midstream/MLP M&A Update: Parent Buy-Ins and PE Exits

Summary The consolidation of MLPs by their parents or significant owners has been a multi-year trend, but activity has picked up with a number of transactions currently pending. M&A activity among indus...

3 months ago - ETF Trends

Altus Midstream is now Kinetik

KNTK will start trading on the NASDAQ effective tomorrow

3 months ago - GlobeNewsWire

Altus Midstream Announces Fourth-Quarter and Full-Year 2021 Results

HOUSTON, Feb. 21, 2022 (GLOBE NEWSWIRE) -- Altus Midstream Company (Nasdaq: ALTM) today announced its fourth-quarter and full-year 2021 results. Results can be found on the company's website at www.altu...

3 months ago - GlobeNewsWire

Altus Midstream Shareholders Approve Combination With BCP Raptor Holdco

Newly Combined Company to be renamed Kinetik at Closing with the New Ticker Symbol “KNTK” Newly Combined Company to be renamed Kinetik at Closing with the New Ticker Symbol “KNTK”

3 months ago - GlobeNewsWire

5 Short-Squeeze Candidates to Watch Today: IMMX, ALTM, GLTB, CRTX and TSRI

Short-squeeze stocks continue to be hot with traders and we're going over five candidates that investors will want to watch today. The post 5 Short-Squeeze Candidates to Watch Today: IMMX, ALTM, GLTB, C...

Other symbols:CRTXGTLBIMMXTSRI
3 months ago - InvestorPlace

Altus Midstream Announces Filing of Definitive Proxy Statement and Sets Date for Stockholder Meeting to Vote on Busin...

HOUSTON, Jan. 12, 2022 (GLOBE NEWSWIRE) -- Altus Midstream Company (Nasdaq: ALTM) today announced it has filed its definitive proxy statement with the Securities Exchange Commission (SEC) and establishe...

4 months ago - GlobeNewsWire

New Strong Sell Stocks for December 13th

ALTM, DFH, ENS, GME, and LE have been added to the Zacks Rank #5 (Strong Sell) List on December 13, 2021.

Other symbols:DFHENSGMELE
5 months ago - Zacks Investment Research

Altus Midstream (ALTM) Sees Hammer Chart Pattern: Time to Buy?

Altus Midstream (ALTM) has been struggling lately, but the selling pressure may be coming to an end soon.

6 months ago - Zacks Investment Research

Altus Midstream (ALTM) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?

Altus Midstream (ALTM) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean...

6 months ago - Zacks Investment Research

Altus Midstream Announces Third-Quarter 2021 Results

HOUSTON, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Altus Midstream Company (Nasdaq: ALTM) today announced third-quarter 2021 results. Results can be found on the company's website by visiting www.altusmidstream...

6 months ago - GlobeNewsWire

Altus Midstream Declares Cash Dividend on Class A Common Shares

HOUSTON, Nov. 02, 2021 (GLOBE NEWSWIRE) -- Altus Midstream Company (Nasdaq: ALTM) today announced that its board of directors has declared a cash dividend on the company's Class A common shares.

6 months ago - GlobeNewsWire

Altus and EagleClaw Announce All-Stock Business Combination; Creates a Leading Pure-Play Permian Integrated Midstream...

HOUSTON, Oct. 21, 2021 (GLOBE NEWSWIRE) -- Altus Midstream Company (Nasdaq: ALTM) (“Altus”) announced today it will combine with privately-owned BCP Raptor Holdco LP (“BCP”) in an all-stock transaction....

7 months ago - GlobeNewsWire

Altus Midstream Company to Host Third-Quarter 2021 Results Conference Call November 4 at 1 p.m. Central Time

HOUSTON, Oct. 15, 2021 (GLOBE NEWSWIRE) -- Altus Midstream Company (Nasdaq: ALTM) (“Altus”) will host its third-quarter 2021 results conference call Thursday, Nov. 4, 2021 at 1 p.m. Central time. The co...

7 months ago - GlobeNewsWire

Altus Midstream Announces Second-Quarter 2021 Results

HOUSTON, Aug. 04, 2021 (GLOBE NEWSWIRE) -- Altus Midstream Company (Nasdaq: ALTM) today announced second-quarter 2021 results. Results can be found on the company's website by visiting www.altusmidstrea...

9 months ago - GlobeNewsWire

Top Ranked Income Stocks to Buy for July 26th

ALTM, OMF, MBWM, and RGP made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 26, 2021.

Other symbols:MBWMOMFRGP
9 months ago - Zacks Investment Research

Altus Midstream Company to Host Second-Quarter 2021 Results Conference Call August 5 at 1 P.M. Central Time

HOUSTON, July 19, 2021 (GLOBE NEWSWIRE) -- Altus Midstream Company (Nasdaq: ALTM) (“Altus”) will host its second-quarter 2021 results conference call Thursday, Aug. 5, 2021 at 1 p.m. Central time. The c...

10 months ago - GlobeNewsWire

7 Best Energy Stocks To Buy In July 2021

Energy stocks make a lot of sense right now given travel and pent up demand. These picks have strength beyond broad economic forces.

Other symbols:DHTEURNGLNGNEERUNSLB
10 months ago - InvestorPlace

Altus Midstream Announces Estimated First-Quarter 2021 Results

HOUSTON, May 05, 2021 (GLOBE NEWSWIRE) -- Altus Midstream Company (Nasdaq: ALTM) today announced its estimated first-quarter 2021 results. Estimated results can be found on the company's website by visi...

1 year ago - GlobeNewsWire